Solaris Resources (TSE:SLS) Stock Price Down 4% - Here's What Happened

Solaris Resources Inc. (TSE:SLS - Get Free Report)'s stock price dropped 4% on Friday . The company traded as low as C$4.53 and last traded at C$4.53. Approximately 130,808 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 209,885 shares. The stock had previously closed at C$4.72.

Analysts Set New Price Targets

Separately, National Bankshares decreased their price target on Solaris Resources from C$9.00 to C$8.50 and set an "outperform" rating for the company in a research note on Tuesday, October 15th.

Solaris Resources Stock Down 4.0 %

The company has a quick ratio of 1.29, a current ratio of 5.37 and a debt-to-equity ratio of 93.10. The company has a market capitalization of C$734.95 million, a price-to-earnings ratio of -10.07 and a beta of 1.90. The business has a 50-day moving average price of C$4.23 and a 200-day moving average price of C$3.64.

Solaris Resources Company Profile

Solaris Resources Inc engages in exploration of mineral properties. It focuses on exploring copper, molybdenum, gold, lead, zinc, and silver. The company's flagship project is the 100% owned Warintza Copper and Gold Project comprising nine metallic mineral concessions, which covers an area of 268 km2 located in Ecuador.